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Single Answer MCQ
Q-00045510

When MNCs set up joint production with local firms, what is one immediate benefit for local firms?

1

Higher wages for workers

2

Greater market competition

3

Access to advanced technology

4

More control over management

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. Access to advanced technology

Solution:

Local firms benefit from access to advanced technology that MNCs typically possess, allowing them to improve production efficiency and competitiveness. The other options may not necessarily result from such a partnership.

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